Vendor tiering assessment

[Prashant64]

Is there any relation between vendor tiering assessment and vendor risk assessment. Kindly clarirify

[SeanBarrett]

The relationship is made to the Vendor record.  Are you looking more for the relationship between which tiering assessment was responsible for kicking of a risk assessment to the vendor?

Sean

[Phil Swann]

This is a good point, because there could be a rule which triggers - in which case, the triggered_by_vdr_tier field on vendor risk assessment will be set to true.

The tiering assessment can update the tiering on the vendor record, and the change of this can trigger a new vendor risk assessment - as defined in the Tier Based Submission rules; but effectively they are two standalone components which work together as required

[SeanBarrett]

Exactly!  Now, that's not to say there isn't a way to grab a reference to the responsible tiering assessment and make it visible on the risk assessment, but is that really necessary?  Would be good to better understand Prashant's ask here...

[priyajames1 · Accepted solution]

Hi Prashant,

Vendor Tiering assessment - This tiering assessment is used for internal stakeholders to decide how they want to position their vendors.

Vendor Risk Assessments - The relationship comes into picture when , based on the tiering assessment there is a rule written under "Tier Based Submission" module under the Vendor Risk application to automatically trigger a vendor risk assessment to that vendor whose tier may have been set to "Critical" (for example) by the tiering assessment. 

Hope this helps. 

Thanks,

Priya